ECON 102 Lecture Notes - Lecture 25: Creative Class, Gentrification
Document Summary
Consumption refers to the sale, purchase and sue of commodities. Also about what people do with commodities after buying them. Process that includes sociocultural aspects of commodities and their use, encompassing a range of activities such as using, discarding, recycling, washing, etc. Suburbanization growth on city edges usually beginning with dwellings, followed by shops and services. Guelph south end is a good example of suburbanization. Growing income and middle class starting during 1960s and 70s. Availability of land, vehicles, and low price of food. Servicing and supplying suburban neighbourhoods major accumulation opportunity. Realities of suburban life cause some to move back into city (trade square footage. Gentrifiers tend to be from particular segments of society: creative class, students, The preferences of these segments are increasingly reflected in downtown young white collar professionals housing and service options overlain on, and interact with, the changing geographies of store-based retailing. Online retail spaces have by no means replaced physical spaces, but rather are.
